Life was better during the Yoon Suk-yeol era ~~~★
Were you excited?
The collapse of exchange rates and stock prices caused by the incompetence of the Yoon Suk-yeol administration
On January 2, 2025, the first foreign exchange market day of the new year amidst the impeachment crisis triggered by the December 3 emergency martial law, the KRW to USD exchange rate recorded 1,472 won. Compared to 1,307 won a year ago, it has risen by 164 won. This means the value of the won has dropped by that much compared to a year ago.
The shock that Yoon Suk-yeol's declaration of emergency martial law dealt to the Korean economy was immense. From January 2 to December 31 of last year, the exchange rate fluctuated between 1,470 won and 1,307 won, showing a range of 163 won. Of this, it rose by 69 won within the 28 days following the declaration of the December 3 emergency martial law. Pessimistic forecasts, suggesting that a USD-KRW exchange rate of 1,500 won will become the new normal, even came from the head of the economy.
Source: Opinion News (http://www.opinionnews.co.kr)
Current Exchange Rate
Do you get it now, you "2-voters"?
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